SINGAPORE (Dec 13): DBS Group Research is maintaining its "buy" call on CapitaLand Retail China Trust (CRCT) given future earnings may be lifted due to greater growth potential from new acquisitions.

DBS has also trimmed its DCF-based target price to $1.75 from $1.80 after assuming a less aggressive initial acquisition yield for the next acquisition

After the divestment of CapitaMall Anzhen, CRCT has acquired a much younger asset called Rock Square in the first-tier city of Guangzhou.

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